110N Lincoln | 110 N Lincoln Ave
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110N Lincoln 110 N Lincoln Ave
16,076 SF 67% Leased Office Building Corona, CA 92882 $7,172,270 CAD ($446.15 CAD/SF)
INVESTMENT HIGHLIGHTS
- Call to tour.
EXECUTIVE SUMMARY
Offering is a 3-story office / medical building in beautiful Corona CA. Call to take a tour. Top 2 Floors are rented out, and bottom floor is wide open for owner-user to occupy. There is a private entrance for ground floor. Separate entrance for tenants on floor 2 and 3
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$551,382
|
$34.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$551,382
|
$34.30
|
| Taxes |
$33,718
|
$2.10
|
| Operating Expenses |
$114,871
|
$7.15
|
| Total Expenses |
$148,589
|
$9.24
|
| Net Operating Income |
$402,793
|
$25.06
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $551,382 |
| Annual Per SF | $34.30 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $551,382 |
| Annual Per SF | $34.30 |
| Taxes (CAD) | |
|---|---|
| Annual | $33,718 |
| Annual Per SF | $2.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $114,871 |
| Annual Per SF | $7.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $148,589 |
| Annual Per SF | $9.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $402,793 |
| Annual Per SF | $25.06 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
16,076 SF
Building Class
B
Year Built/Renovated
1987/2023
Price
$7,172,270 CAD
Price Per SF
$446.15 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,359 SF
Building FAR
0.44
Lot Size
0.83 AC
Zoning
M1, Corona
Parking
63 Spaces (3.92 Spaces per 1,000 SF Leased)
AMENITIES
- Balcony
1 of 1
PROPERTY TAXES
| Parcel Number | 118-160-039 | Total Assessment | $2,940,888 CAD (2023) |
| Land Assessment | $1,107,864 CAD (2023) | Annual Taxes | $33,718 CAD ($2.10 CAD/SF) |
| Improvements Assessment | $1,833,024 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
118-160-039
Land Assessment
$1,107,864 CAD (2023)
Improvements Assessment
$1,833,024 CAD (2023)
Total Assessment
$2,940,888 CAD (2023)
Annual Taxes
$33,718 CAD ($2.10 CAD/SF)
Tax Year
2024
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110N Lincoln | 110 N Lincoln Ave
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